Tuesday, June 8, 2010

Leaky homes package gets support

National’s leaky homes financial assistance package has won resounding endorsement from the most affected local authorities.

The eight councils that represent 90 per cent of active leaky home claims are Auckland, Christchurch, Manukau, Waitakere, North Shore, Tauranga, Wellington, and Rodney District. All eight have voted to support the package in principle and agreed to work with the Government on developing the package’s operational details.

A further 13 councils have also indicated their support in principle for the package. Other councils will be able to opt in at a later stage. This is further welcome news for the many thousands of homeowners who want to get their leaky homes fixed as quickly as possible.

Under the package, central and local government will each fund 25 per cent of repairs. Homeowners will fund the rest, backed by a government loan guarantee. We hope to have the package up and running early next year.

For more information visit: http://www.beehive.govt.nz/release/leaky+homes+package+gets+support+go+ahead

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